Significance of the Agri Exports in India
- According to the government’s goal of doubling farmer incomes, the record agri exports will contribute to raising farmers’ earnings.
- Indian agricultural and horticultural products, together with processed meals, are exported to more than 100 nations worldwide in addition to meeting domestic demand.
- The rationalization of India’s buffer storage capacity for food grains will be aided by the export of goods like wheat and rice.
- The rise of India as a major exporter of agricultural goods bodes well for the country’s standing in the world.
- India’s exports are assisting in reducing global food inflation.
Agri Exports in India
In India, the main industry providing employment is agriculture. The nation ranks among the world’s top producers of agricultural and food goods. According to estimates, India’s agriculture sector will increase at a 3.9% annual pace in 2021–2022 as opposed to 3.6% in the previous year. The greatest agricultural export from India is rice, which accounted for more than 19% of all agricultural exports in the years 2021–2022. The top three agricultural exports in 2021–22 are sugar, spices, and buffalo meat, which account for 9%, 8%, and 7% of total exports, respectively. The nation cultivates a wide variety of food crops and grains, including rice, wheat, pulses, oilseeds, coffee, jute, sugarcane, tea, tobacco, groundnuts, dairy products, fruits, and more. India ranks among the top countries in the world for volume production of goods like rice, wheat, cotton, sugar, horticulture, and dairy. 20.2 percent of the nation’s GDP is made up of the agricultural industry and sectors that are associated to it, such forestry and fisheries. USA, Bangladesh, China, UAE, Indonesia, Vietnam, Saudi Arabia, Iran, Nepal, and Malaysia are India’s top exporters of agricultural goods. As a result, the agriculture industry is crucial to Indian politics, economy, and society. In 1985, the Indian government created the Agricultural and Processed Food Products Export Development Authority (APEDA). Export promotion and development are responsibilities assigned to APEDA.